REAL ESTATE

Atlanta -- Jones Lang LaSalle announced Tuesday that Rally Capital Services, LLC, and Pacific Avenue, LLC, have chosen the firm to lease and manage their open-air centers.

Rally Capital selected Jones Lang LaSalle Retail to lease and manage Kendall Marketplace, a 750,000-sq.-ft. regional power center in Yorkville, Ind., anchored by Dick’s Sporting Goods, Kohl’s, SuperTarget and The Home Depot.

Boston -- The Wilder Cos. said that David P. Morency, CPA joined the company as senior VP finance. In this newly created position Morency is responsible for the finance/accounting functions as well as oversight of the human resource and IT departments.

Most recently Morency was senior VP - finance with Cambridge, Mass.-based Carpenter & Co.

Millville, N.J. -- Fameco Real Estate, LP said that Hobby Lobby and Dollar Tree have signed leases at Cumberland Crossing, located in Millville, N.J., bringing the shopping center to nearly 90% leased.

Cumberland Crossing is a 258,414-sq.-ft. community center anchored by Walmart. Hobby Lobby signed a lease for 58,822 sq. ft. and Dollar Tree signed a lease for 12,000 sq. ft.
 

Seattle -- Nordstorm plans to open a Nordstrom Rack in Manchester, Mo., a suburb of St. Louis.
 
The new 35,000-sq.-ft. store is scheduled to open in fall 2012. Construction of the store will begin immediately, according to Mark Sedgwick, managing director of St. Louis-based Pace Properties, L.L.C., which will develop and own the building where Nordstrom Rack will be located.
 

Woodland Hills, Calif. -- LandMark Retail Group, a subsidiary of NewMark Merrill Cos., has partnered with Accubranch, a strategic planning and market research group that specializes in providing real estate advice to the regional banking industry.

Chicago -- Commercial real estate firm Lee & Associates said it has added two senior VPs to its Chicago office.

Joseph Herron and Jason Sorce have both joined Lee & Associates Chicago as part of the firm’s expansion in the Midwest.

The firm also recently added Robyn Smart as a senior advisor in its Indianapolis office.

Herron joins Lee & Associates from Mid-America Real Estate Corp., where he spent 10 years as a retail broker. Sorce was previously with SRS Real Estate Partners and NAI Hiffman.

Flushing, N.Y. -- Five Guys Burgers and Fries said Monday is has opened a new location at Sky View Center, located in Flushing, N.Y.

The upscale fast-food chain has opened a 2,000-sq.-ft. location on level B of the 800,000-sq.-ft. regional mall, and is one of 200 new franchises opening in 2011 for the chain.

Dallas -- 7-Eleven is acquiring the retail interests of 28 locations owned by Pacific Convenience & Fuels LLC.

The acquisition includes sites in California, Oregon, Washington and Colorado, and is slated to close in fourth quarter 2011. Terms of the transaction have not been disclosed.

All of the locations will be rebranded as 7-Eleven and will retain the Conoco-Phillips/76 gasoline brands.